ibus plc. Transport Solutions M7 Originating Limerick 1 X - - PowerPoint PPT Presentation

ibus plc.

Transport Solutions

M7

Originating Limerick 1 X Executive Coach 1-2 Departures Daily Destination ibus Terminus South-HUB 1 Serving Kerry/Clare/Limerick/M7 Corridor 50 Operators 50 passengers daily [6 passengers per week per operator]

M8

Originating Cork 1X Executive Coach 1 Departure Daily

Destination ibus Terminus South

Serving Cork/Tipperary/Laois M8 Corridor 50 Operators 50 passengers daily [6 passengers per week per operator]

M9

Originating Waterford 1 X Executive Coach 1-2 Departures Daily Destination ibus Terminus South

Serving Waterford/Kilkenny/CarlowM9 Corridor

50 Operators 50 passengers daily [6 passengers per operator per week]

ibus Terminus South – Hub 1

6 X Executive Mini/Midi Coaches I Hourly services*

• Dublin Airport, Dublin/Dun Laoighre Port.
• Hospitals @Tallaght / Crumlin / James /

Beaumont / Cappagh / National Re-Hab unit.

• Colleges @ Trinity/UCD/DCU/Institutes

*Initially, services will only coincide with demand as per M7/M8/M9 outcomes.

HUB 1

Park & Ride

• The 15 acre site will accommodate upwards of

500 cars on “ground floor” development. Planning will include multi-storey.

• 3-5 X Executive Coach Services returning Daily

along M7/M8/M9 Corridors.

• Hourly Services to Capital City venues*

* Or as demand requires

HUB 1

15 acres Minimal initial construction to include:

• Food Hall…Leasehold options.
• Rest Rooms…toilets, general recreation, driver

facilities.

• Concourse…information and greeting,

complimentary refreshments etc.

• Vehicle maintenance…valeting and light repairs.

Tasks

Buildings

Planning Applications Route Development IT Infrastructure [ticketing/web development] Professional Fees:- Architect, Accountancy, Legal, Logistics, PR…. Staff. General Manager Fleet

Processes & Timetable

Sign lease for site at M7 = 6 months Develop minimum facilities = 6 months Develop routes and timetables M7/M8/M9 = now Develop routes and timetables Capital City services=now Secure funding: Development-Livery-Working Capital = now

ibus Terminus South-[Funding]

• Shareholder Funds = 2,500,000*
• Borrowings/Leases = 2,250,000

HUB 1-M7 ……………how it works!

100km + rate 17 single/20.00 return per passenger nationwide 100km = 10 single/12.50 return nationwide

• Ave. Fare 17 @ 46,800 passengers pa
• No. of passengers required per day 50 per Corridor

[ Ave 6 passengers per operator per week] 1 journey per day per coach per corridor

Note: Costs based on 1 trip per day per coach, any additional journeys involve fuel and driver

costs only and would dramatically improve overall performance

Costs:Buses & Coaches-275,000

3 X Executive Coaches @ 250,000 = 750,000 6XMidi/Mini Bus/Coaches @ 125,000 = 750,000 Total = 1,500,000 Annual Financing Cost over 7 years = 275,000

Costs:Staff-515,000

Wages: Drivers X 9 @ 35,000 315,000 General Manager/support staff 200,000 Total = 515,000

Fuel Costs-470,000

• M7 X 2 x 6 X 52 =134,160kms
• M8 X 2 X 6 X 52 =146,640kms
• M9 X 2 X 6X 52 = 96,720kms
• Hub 54 trips daily= 561,600kms

TOTAL= 940,000kms pa @ 3kms p/litre = 313,333 litres of fuel @ 1.50

• = 470,000 pa

Costs: Establishment-515,000

Building Costs: 750,000 X 15 years = 70,000 [15 years] Rent/Rates/: =35,000pa /Light/Heating/Maintenance: =25,000pa Insurance [Motor-Bond-Pensions] =35,000pa

IT infrastructure: =100,000

Professional Fees: =250,000 [once off]

Total =515,000

National Network of Private Hire Services

Total Costs 1,775,000 year 1

Incomes

Passengers from Corridors Passengers at Hub Lease Properties Advertising

Profit & Loss Year 1.

Costs12 months operations 1,775,000 Income:

Corridor Fares @ 17 per dayX50X312x3 795,600 Hub Fares @ 7 per day x 150 days x100 Park & Ride 218,400 Lease fees @ Zero Advertising @ Zero

Total Income 1,013,000

Loss for the year 762,000

Profit & Loss: Year 2

• Costs 1,550,000
• Incomes 1,255,000

[Corridors stet/Hub plus 100 passengers plus 212 days operations Leases 25,000]

• Loss for the year 245,000
• Accum. Loss 1,027,000

Profit & Loss year 3

• Costs 1,550,000
• Income 1,465,000

[Increase of 1 passenger per corridor to 51-increase of 100 passengers at Hub to 300]

Loss 35,000

• Accum. Loss 1,062,000

Years 4-7

• If Losses continued at 35,000 pa the

accumulated Losses will read 1,200,000

• A 5% increase in Fuel costs has continued

through the trading years.

• A 5% staff bonus structure remains in the same

way.

• The losses may not start reversing until year 7.
• Losses will be covered with Shareholder funds

equalling investment of 5,000 per shareholder

What is in it for me?

Shareholding in major Irish passenger transport company. Synergies associated with major purchaser of fuel 2.5m

• ver 5 years and vehicles @ 1.5m.

Opportunities for other major contracts, including, School Transport contract. Association of 500 fellow operators with single goal and self interest. Local feeder services to network/possible satellite route development. Access to professional help and future technologies in transport.

Bottom Line!

Initial Investment of 5,000 1,500 shareholding 1,500 Preference Shares 2,000 Performance Share

see Information Memorandum

Outcomes

1,500 shareholding-value at year 5 est. @ 7,500 [No dividend expected in 1st 7 years] 1,500 Preference Shares yield of 7.5% = 112.50 2,000 Performance Shares*

• Performance Shares are exclusive to Bus & Coach shareholder operators.

These represent the “hire” aspect of the ibus network of services and carry a phased yield based on the number of passengers presented to the network by each operator as follows: 0-7=0, 8-10 yield @ 5% or 100, 11-15 yield @ 10% or 200.

The flat rated highly competitive fare structure on the network presents opportunity for

• perators locally to develop “satellite routes” or feeder services. It is important to point out

here that if the minimum numbers, average of 7 passengers per week per operator, are not met then the Performance Share may become an annual cost based on the lower number. Example-the achieved annual numbers are the average of 4 = 860 in next year or 43%

ibus plc

National Network

Of

Private Hire Operators